NET perp markets on Hyperliquid
US stocks · by open interest| Dex | Mark | Oracle | Basis | 24h | Funding /h | APR | OI | OI cap | Cap use | 24h vol | Max lev. | Trade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| trade.xyz xyz:NETgrowth | 350.24 | 349.55 | +19.7 bps | -0.22% | -0.00066% | -5.8% | $697K | $25.00M | 3% | $167K | 10× | Trade |
| Paragon para:NETgrowth | 349.03 | 349.03 | +0.0 bps | -0.11% | -0.00347% | -30.4% | $261K | $25.00M | 1% | $3,910 | 10× | Trade |
Funding is Hyperliquid's hourly rate (APR = hourly × 24 × 365). Basis is the mark against the deployer's oracle; while the US market is closed the oracle is maintained by the deployer, not a live exchange price. Trade links go to the exchange and may be referral links.
NET perps elsewhere
same ticker on other venues| Market | Price | Funding /h | APR | OI | 24h vol | Trade |
|---|---|---|---|---|---|---|
| Bybit NETUSDT | 350.94 | 0.00000% | 0.0% | $198K | $18.10M | Trade |
NET volume spikes
NET across exchanges →No NET volume spikes recorded since the server started. Spikes on every Hyperliquid market show on the Hyperliquid pump scanner.
NET perp FAQ
What is the NET funding rate on Hyperliquid?
-0.00066% per hour on trade.xyz right now (-5.8% APR), so shorts pay longs. Hyperliquid settles funding every hour, so multiply by 8 to compare with an 8-hour rate on Binance or Bybit (-0.0053% per 8h).
How closely does the NET perp track the underlying?
The trade.xyz mark is 350.24 against an oracle of 349.55, a basis of +19.7 bps. Hyperliquid Guide measured 30-day tracking error (the standard deviation of the basis) across 101 HIP-3 markets: from 2.0 bps (SP500) to 43.3 bps (BIRD), with a median of 7.6 bps (source). The US market is closed right now, so the deployer maintains the oracle until the open.
What is the NET open interest cap?
trade.xyz caps xyz:NET open interest at $25.00M; $697K is in use right now (3%). When a market reaches its cap, orders that would add open interest are rejected until it falls.
Can I trade NET when the US market is closed?
Yes. The perp trades 24/7 on Hyperliquid, but the US session runs 09:30 to 16:00 New York time on trading days; outside it the oracle is set by the deployer and prices can gap at the open. Status now: US market closed · weekend.